POB 5.02 #2

POB 5.02 #2

9th - 12th Grade

15 Qs

quiz-placeholder

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POB 5.02 #2

POB 5.02 #2

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Medium

Created by

Kimberly Monroe

Used 28+ times

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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The possibility of a financial loss is called a

Risk

Guarantee

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The possibility of loss to a business without any possibility of gain.

Pure Risk

Speculative Risk

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A high unemployment rate causes a downturn in the retail sales for the year. What type of risk?

Human

Economic

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Because of a flu epidemic, a local school district must employ additional substitutes. What type of risk?

Natural

Human

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Hurricane Floyd led to increased losses for insurance companies. What type of risk?

Economic

Natural

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of risk involves chances of loss that may result in loss, no change, or gain?

Speculative Risk

Pure Risk

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is an example of a speculative business risk?

A special promotion fails to increase sales.

A cashier gives unauthorized discounts to friends.

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